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N900/Litre: NNPC Gives Reason for New Fuel Prices, Advises Nigerians [Video]

  • The Nigerian National Petroleum Company Limited has responded to the ongoing fuel scarcity across the country
  • The oil company provided an explanation for the scarcity and advised Nigerians not to panic buy
  • Across the country, filling stations operated by independent petroleum marketers have adjusted their prices to as high as N900 per litre in some states

Legit.ng journalist Dave Ibemere has over a decade of business journalism experience with in-depth knowledge of the Nigerian economy, stocks, and general market trends.

The Nigerian National Petroleum Company Limited (NNPC Ltd) has addressed the currency fuel scarcity in the country.

In a statement signed by Olufemi Soneye, its chief corporate communications officer, NNPC Ltd said the current scarcity is due to distribution challenges.

Filling stations adjust pump pricePhoto credit: Suzanne PlunkettSource: Getty Images

Champions reportthat NNPC Ltd the Company further urges motorists to shun panic buying as it is working round the clock with relevant stakeholders to restore …

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